Suncor's emissions goal seen challenging even without total cuts

Suncor Energy Inc. plans to hold total greenhouse gas emissions at current levels through 2030, even as it boosts crude production by targeting a reduction in carbon output per barrel. More »

Southwestern's gas drilling revival could be bad sign for U.S. bulls

Southwestern Energy Co.’s revival of its dormant drilling program may be the beginning of the end for the U.S. natural gas rally. More »

BOEM to broadcast next month’s Gulf of Mexico lease sale online

BOEM Director Abigail Ross Hopper announced Friday that the bureau will offer 23.8 million acres offshore Texas for oil and gas exploration and development in a milestone lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. More »

Operators add 14 oil rigs in longest streak since August

U.S. oil producers continue to revive drilling in the shale patch, adding rigs for the fourth consecutive week in the longest streak of increases since August. More »

Oil glut deeper than just crude exposed as recovery stumbles

For almost two years, the spotlight in the global oil market has been on a surplus of crude. The latest stumble in prices has shown that the glut extends further. More »

Noble Energy starts production at Gunflint in deepwater Gulf of Mexico

Noble Energy has started production at the company's Gunflint oil development in the deepwater Gulf of Mexico. More »

Total signs long-term LNG agreement with Japan’s Chugoku Electric

Total has signed a binding Heads of Agreement with Chugoku Electric for the direct supply of LNG for a period of 17 years starting from 2019. More »

Oil’s second quarter shaping up to be best of the year

For oil companies, the second quarter might be as good as it gets. Shares gained more than in any other industry, thanks to crude rising from a 12-year low. More »

Precision Drilling eyes Kuwait growth once oil prices recover

Precision Drilling Corp. is eyeing growth in Kuwait and other Middle Eastern countries once crude prices recover as a way to reduce dependency on North American markets, CEO Kevin Neveu said. More »

Fraclog in the biggest U.S. oil field may all but disappear

The number of dormant crude and natural gas wells in the U.S. stopped growing in the first quarter—and may all but disappear in the nation’s biggest oil field should prices hold steady. More »

Schlumberger posts surprise loss, job cuts as CEO sees bottom

Schlumberger reported an unexpected loss and cut more jobs as cheap crude has pushed a recovery in the oilfield services market out further than expected. More »

Schlumberger posts surprise loss, job cut as CEO sees bottom

Schlumberger reported an unexpected loss and cut more jobs as cheap crude has pushed a recovery in the oilfield services market out further than expected. More »

Exxon Mobil to buy gas explorer InterOil for up to $3.6 billion

Exxon Mobil Corp. agreed to buy natural gas explorer InterOil Corp. for as much as $3.6 billion to acquire discoveries in Papua New Guinea that will feed the buyer’s existing gas-export plant. More »

$150 billion slashed in U.S. Lower 48 alone: Wood Mac

Of the more than US$370 billion in global capital expenditure cut by upstream developers across 2016 and 2017, US$150 billion was slashed in the U.S. Lower 48 alone—more than three times any other single country, according to the latest Wood Mackenzie analysis. More »

2H Offshore appoints new managing director

2H Offshore, an Acteon company, has announced the appointment of Yann Helle as managing director. More »

Hoover Container Solutions' chairman and CEO named to PESA Advisory Board

Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment and Services Association (PESA) Advisory Board for a three-year term. More »

Woodside second-quarter sales decline 8% as energy prices slide

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Alberta power project to use associated gas from heavy oil production

Kineticor Resource Corp. has entered into long-term agreements with multiple oil and gas producers to construct, own and operate the 100 MW Peace River Power Project. The project will utilize associated gas produced as a result of heavy oil production near Peace River, Alberta, to create clean energy while significantly reducing flaring in the area. More »

Petronas appoints Vestigo Petroleum as operator of Berantai field

Petronas has appointed Vestigo Petroleum, a wholly owned subsidiary, to continue the operations and maintenance of Berantai field following the cessation of the Berantai Risk Service Contract (RSC) with the previous contractor. More »

Chevron sign LNG supply agreement with JOVO

Chevron U.S.A., a wholly owned subsidiary of Chevron Corp., has signed a Key Terms Agreement with Singapore Carbon Hydrogen Energy Pte. Ltd., a subsidiary of JOVO, for the delivery of LNG from Chevron’s global supply portfolio. More »

Technip wins MSA for Louisiana’s Monkey Island LNG project

Technip was awarded a Master Services Agreement (MSA) by SCTandE LNG, Inc. for their proposed 12 mtpa LNG export terminal on Monkey Island, in Cameron Parish, La. More »

Lundin starts three well campaign in southern Barents Sea

Lundin Norway, a wholly owned subsidiary of Lundin Petroleum, has commenced its 2016 exploration and appraisal campaign in the Loppa High area in the southern Barents Sea. The campaign will be carried out by the Leiv Eiriksson semisubmersible. More »

Exxon Mobil grabs reins in InterOil hunt as rivals bow out of deal

Exxon Mobil Corp. has a clear path to expanding its reach in Papua New Guinea after its rivals said they wouldn’t counter a $2.5-billion bid for gas explorer InterOil Corp. More »

Engie said to offer exploration assets from Europe to Africa

French utility company Engie SA is pushing ahead with a plan to sell its exploration unit, offering assets that span Europe to Africa as the company works to reduce its exposure to oil and gas prices, people familiar with the matter said. More »

Keppel profit falls as oversupply of oil rigs delays deliveries

Keppel Corp., the world’s largest builder of oil rigs, posted a 48% drop in second-quarter profit as oversupply led to delivery delays for offshore projects, and said it doesn’t expect demand for rigs to return soon. More »

Strategic investments and synergies critical to global energy sector progress

Making strategic long-term investments, and pooling resources from within the oil and gas industry is central to energy sector progress, said senior officials at a recent gathering of the Middle East Petroleum Club (MEPC) in Abu Dhabi. More »

Halliburton sheds more jobs, looks to North America recovery

Halliburton cut another 5,000 jobs in the second quarter as it positioned itself for a recovery in North America in the second half of the year. More »

Oil rises after EIA shows U.S. crude supplies falling for record ninth week

Oil rose after a government report showed that U.S. crude stockpiles fell a ninth week, marking the longest stretch of declines on record. More »

Saudi Aramco CEO signs off on $13-billion gas project

Saudi Aramco President and CEO Amin H. Nasser presided over a signing ceremony of the Fadhili gas project, marking a new milestone in the company’s drive to expand gas production and supply to meet growing domestic demand for energy. The new Saudi Aramco mega project will help boost production and supply with clean-burning natural gas, lessening dependence on oil for power generation. More »

Saudi Aramco signs mega gas project to meet growing domestic demand for energy

Saudi Aramco President and CEO Amin H. Nasser presided over a signing ceremony of the Fadhili gas project, marking a new milestone in the company’s drive to expand gas production and supply to meet growing domestic demand for energy. The new Saudi Aramco mega project will help boost production and supply with clean-burning natural gas, lessening dependence on oil for power generation. More »

Saudi Aramco boss says drilling, IPO unaffected by oil price

Saudi Arabia’s oil and natural gas production and drilling activities are unaffected by crude prices at current levels, the state-run producer’s CEO said, signaling that the world’s biggest oil exporter will maintain its battle for market share. More »

Saudi Arabian Drilling Academy launched to serve the region's drilling and workover industry

A dynamic new project, the Saudi Arabian Drilling Academy (SADA), has officially been launched. More »

Exxon Mobil awards Alternate Path well packing license to Baker Hughes

Exxon Mobil has awarded Baker Hughes a limited international license to Exxon Mobil’s Alternate Path technology patent portfolio for services of gravel packing cased and openhole completion wells. More »

Goldman sees Russian oil output topping Soviet record by 2018

Russian oil output will exceed the former Soviet record set almost 30 years ago by the end of 2018 as low-cost fields allow producers to defy the slump in prices, according to Goldman Sachs Group. More »

Halliburton sees North American slump turning around this year

Halliburton sees the market in North America turning around in the second half of the year after a drilling slump weighed on earnings. More »

First Subsea supplies relatchable bend stiffener connector for Gina Krog FSO

First Subsea has supplied a relatchable bend stiffener connector to NOV Completion and Production Solutions for a flexible production riser for Statoil’s Gina Krog, turret moored, Floating Storage and Offloading (FSO) vessel in the Norwegian sector of the North Sea. More »

Deep Casing Tools deploys first system In Iraq

Casing and completion tool specialist Deep Casing Tools has continued its Middle East expansion with a successful deployment of its unique drillable turbine technology in Iraq. More »

Sinopec cuts central China gas supply after pipeline fire

BEIJING (Bloomberg) -- China Petrochemical Corp. has shut some natural gas operations in central China after a landslide caused a pipeline fire Wednesday that killed two people. More »

Halliburton swings to loss as North American woes weigh

Halliburton swung to a loss in the second quarter as the worst crude market crash in a generation has transformed North America into a trouble spot for the global oil service giant. More »

Oil falls to two-month low amid dollar strength, ample supply

Oil closed at the lowest level in more than two months in New York as the dollar rose against its peers and global crude markets were deemed comfortably supplied despite threats to output. More »

American LNG will be first to pass through expanded Panama Canal

The first cargo of liquefied natural gas set to pass through the newly expanded Panama Canal locks will be American. More »

GEODynamics releases FracIQ Limited Entry Perforating System

GEODynamics, Inc.’s Engineered Perforating Solutions Division has completed extensive field testing of the latest addition to their family of plug-and-perf technology based products. The FracIQ Limited Entry Perforating System has been applied in over 1,000 frac stages since field testing commenced in April 2016. More »

Packers Plus cuts completion costs in Duvernay formation by up to 30%

Packers Plus Energy Services’ StackFRAC Titanium XV HPHT open hole ball drop completion system enabled operators in Alberta's Duvernay formation to achieve cost savings of up to 30% compared to plug-and-perf completion methods. More »

First downhole X-ray diagnostic operation performed offshore Norway

On June 27, Visuray performed the first downhole X-ray diagnostic operation offshore Norway for Statoil. More »

Maximizing operational efficiency through competency is essential for EOR in Iran

Lloyd’s Register recently held an exclusive one-day event at the NITC in Tehran, Iran, to share knowledge and experience to help companies optimize their oil and gas operations. It brought together 130 senior oil and gas executives from international and national companies. More »

Pakistan Petroleum reports gas discovery at Hadi X-1A

Pakistan Petroleum Limited (PPL)—operator of the Gambat South Block with a 65% working interest—along with its joint venture partners, Government Holdings Private Limited (25%) and Asia Resources Oil Limited (10%), has announced a gas discovery at the Hadi X-1A exploration well in District Sanghar, Sindh. More »

Sanchez Production Partners closes sale of operated assets in Oklahoma, Kansas

Sanchez Production Partners (SPP) has closed the sale of substantially all of its operated oil and natural gas wells, leases and associated assets and interests in Oklahoma and Kansas. More »

Maximizing operational efficiency through workforce competency is essential for EOR in Iran

Lloyd’s Register recently held an exclusive one-day event at the NITC in Tehran, Iran, to share knowledge and experience to help companies optimize their oil and gas operations. It brought together 130 senior oil and gas executives from international and national companies. More »

KrisEnergy starts 3D survey in the Gulf of Thailand

The CGG Amadeus has commenced an 884 sq km 3D seismic acquisition program in the G10/48 contract area in the Gulf of Thailand, KrisEnergy said Tuesday. The program, which was awarded to CGG Services, is expected to last 41 days. More »

Aberdeen Drilling Consultants awarded contract by BP

Aberdeen Drilling Consultants (ADC), a rig inspection consultancy based in Scotland, has been awarded a contract by BP to provide engineering services globally. More »

First foreign tanker set to load Alaska oil in three decades

A cargo of Alaska North Slope crude is scheduled to load next week aboard a foreign-flagged tanker for the first time in more than 30 years. More »

Chesapeake, Tom Ward sued by shale owners for alleged conspiracy

Chesapeake Energy Corp., the company Aubrey McClendon built into a natural-gas giant, was sued along with his former partner by investors who say the pair conspired to rig bids for drilling rights during the shale boom. More »

North Sea field shutdowns to climb as Brexit deepens oil gloom

The pace of North Sea oil-field shutdowns is picking up as the impact of the market slump is compounded by the uncertain investment environment created by Brexit. More »

Devon Energy brings record-setting well online in Oklahoma's STACK play

Devon Energy Corp. has brought online another successful spacing pilot and a record-setting oil well in the over-pressured oil window of the STACK play. More »

U.S. Silica to acquire regional frac sand producer for $210 million

U.S. Silica Holdings, Inc., has agreed to acquire a leading regional sand producer for approximately $210 million, subject to certain adjustments at closing. More »

Devon Energy brings record-setting oil well online in Kingfisher County

Devon Energy Corp. has brought online another successful spacing pilot and a record-setting oil well in the over-pressured oil window of the STACK play. More »

HHI delivers world’s largest semisubmersible to Diamond Offshore

Hyundai Heavy Industries (HHI), the world’s largest shipbuilder and a leading offshore facilities manufacturer, has delivered Ocean Greatwhite, the world’s largest semisubmersible rig, to Diamond Offshore. More »

Mark Cuban invests in production forecasting company BetaZi

BetaZi has opened the door to its first external investor with the recent initial tranche of funding from businessman and entrepreneur Mark Cuban, through his VC entity Radical Investments. Cuban's business presence brings tremendous market opportunity to the early-stage data science company, which is quietly revolutionizing how independent assessment of oil and gas assets is done. More »

Ulterra Drilling Technologies acquired by private equity firm

American Securities LLC, a U.S. private equity firm, has announced its acquisition of Ulterra Drilling Technologies, L.P. in partnership with the company's management team. More »

Bill Barrett Corp. closes sales of non-core assets in Uinta basin

Bill Barrett Corporation has completed the sale of non-core assets in the Uinta basin for net cash proceeds of approximately $30 million. More »

Cameron LNG liquefaction expansion project receives non-FTA export authorization

Sempra Energy said Monday that Cameron LNG has received authorization from the U.S. Department of Energy (DOE) to export an additional 1.41 Bcfd from its proposed Louisiana liquefaction expansion project to countries that do not have a free-trade agreement with the U.S. More »

Saudi Arabia plans shipbuilding complex to support oil exports

Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to provide sufficient capacity for exporting oil, Energy Minister Khalid Al-Falih said Sunday. More »

Sembcorp Marine delivers world’s largest jackup to Noble Corporation

Sembcorp Marine has delivered the world’s largest jackup rig to Noble Corporation. More »

RigNet to cut 12% of jobs as part of restructuring plan

RigNet, a provider of digital technology solutions, has announced a corporate restructuring plan to create more common processes and more consistent customer experiences across the company. More »

Legislation targeting oil and gas production is misguided, API says

Legislation introduced by a small number of Democratic senators increasing liability for oil and natural gas companies is unnecessary and out of step with voters’ energy priorities, API Executive V.P. Louis Finkel said. More »

Even the losers may win as Exxon outbids partner for PNG gas

Being outbid by Exxon Mobil Corp. for prized Papua New Guinea natural gas assets might actually be a good thing for Oil Search Ltd. More »

Oil flows through Turkey unhindered after coup quelled

Oil tankers are loading and unloading cargoes normally at Turkey’s ports and sailing without interruption in the nation’s waters after forces loyal to President Recep Tayyip Erdogan crushed an attempted coup. More »

Energy veteran betting on LNG bounce sees future floating at sea

Turmoil in the oil market gave Fred Jones his start in the energy business four decades ago. Now he’ll be hoping turmoil in the gas market doesn’t sour his new venture. More »

Oil Search says Exxon makes ‘superior’ InterOil bid

Exxon Mobil Corp. has offered a superior bid for InterOil Corp., according to Oil Search Ltd., which is also in the running for large natural gas reserves in Papua New Guinea and the possibility to export the fuel from the Pacific nation. More »

Oil producers prepare for second-half slump as rally sputters

Oil producers aren’t betting on the rally. After surviving two years of low prices, they’re gearing up for a third by buying protection against a renewed downturn. More »

Shale revolution extended to old wells seen unleashing more oil

U.S. oil explorers are yet to fully reap all the rewards of horizontal drilling techniques that helped trigger the shale boom, research firm IHS Markit Energy said. More »